Features of Point Of Sale System

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The Point of Sale (POS) system is the central component of any business and combines both hardware and software that allows business merchants to undertake financial transactions with their clients. The POS simplifies day-to-day operations within a business and plays a critical role in revenue generation and business continuity. POS systems are differentiated to serve the customized needs of the business while they can also have a universal outlook such that they are applicable across different business fronts. The flexibility of the clover mini POS is its selling point as it acts as a payment processor and seamlessly integrates cost control. The following are the core features of a reliable Point of sale system;

Software components

POS software deployment is possible through two basic models which include;

Cloud-based

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This type of POS has to be accessed through the internet with the storage of data made to the Cloud service. It is also referred to as a Software-as-a-Service (SaaS). Interestingly, when the internet is down, data is saved and synchronized when the system is back online ensuring that all data is well protected.

 

On-premises

 

This is a traditional software model which involves installing the software to existing computer servers or systems. The user manually updates the software and provides the necessary maintenance. In large organizations, a particular team of IT personnel is delegated with these duties.

 

Hardware components

 

Despite the different software deployment methods, the hardware remains the same. These crucial hardware components include;

 

Barcode scanner

 

The barcode scanner assists in automating the transaction process. The barcode scan identifies the product’s information and integrates it with the inventory management systems hence it becomes possible to adjust stock levels.

 

Register screen

 

This acts as the user’s interface that displays the product’s database. It also allows employee login and shows the sales reports.

 

Credit card reader

 

The POS system uses EMV-compliant credit card readers that assist it to detect or avoid financial fraud that may result in huge losses. The credit card reader identifies the credit card and credits the amount used to facilitate the business.

Receipt printer

 

The POS system produces a paper receipt that contains updated information on the transaction undertaken. It is possible to print employee information and employee sales totals. However, in the recent past, email or SMS text receipts have gained popularity and are development into the POS systems.

 

Cash drawer

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The POS has a secure place to store cash needed for retail business transactions. This comes in handy especially when the user has to accept cash when a credit card transaction is not possible.